"Everything solved, even the VAT node". With these words, Economy Minister Roberto Gualtieri suggests that the financial maneuver is now in the finishing straight, with the approval of Brussels who has already hinted that this time he does not intend to send it back. However, there is no shortage of last-minute news, such as the expected increase in taxes on the house: the dry coupon, i.e. the tax that replaces the Irpef for those who rent an apartment at an agreed rent, will not rise to 12,5% but it will remain at 10%, as it is today, and will become structural (the contracts that would have been subjected to the increase are around 800). To finance the intervention, however, the fortune tax reappears, while they also arrive 140 million to finance "green" investments and 88 million from the increase in cigarettes. Publishing front: the three-year agreement with Radio Radicale has been renewed (8 million a year) and a fund of 20 million has been set up for schools that decide to subscribe to newspapers (80% contribution). Here are, by argument, the main points of the maneuver.
TREASURY
As already mentioned, the increase in VAT rates, which would have started on 1 January 2020 to honor the so-called safeguard clause, is sterilized. However, a few taxes here and there have necessarily been added: the games with the tax on luck are increasing, the increase in cigarette prices and in anticipation they will arrive, but the plastic tax (which will give 1 billion in revenue) and the sugar will be the subject of discussion in Parliament tax (about 200 million). As regards tax expenditures, i.e. the tax discounts reserved for taxpayers (on housing, healthcare, dependent children, etc.), the Government will remove the benefits only from the highest incomes, starting from 120 euros a year with a progression up to 240 thousand euros per year.
TAX WEDGE
The cut in the tax wedge, i.e. more money in the paycheck, is approaching. The endowment is 3 billion for 2020 and 5 billion starting from 2021. The operation will take place after the approval of the budget law, through an implementing decree and after the meeting with the social partners. In all likelihood, the bonus will be 1.000 euros a year: workers who earn from 26.600 to 35 thousand euros will have it in full, while for those who already enjoyed the Renzi bonus (from 8.000 to 26.500) there will be an integration.
FAMILY
The single allowance for the family arrives, but not immediately, in 2021. A family fund is set up with an endowment of 1.044 million euros for the year 2021 and 1.244 million euros annually from 2022. In the meantime, from next year bonuses have been enhanced: the baby bonus also applies to newborns in 2020 but will be paid on the basis of three brackets: 160 euros per month for the first year of life (or of adoption) up to 7 euros from Isee, 120 euros per month up to 40 thousand euros of Isee and 80 euros per month for those who exceed this threshold.
CASH AND PAYMENTS
Confirmed the 3 billion to encourage those who pay with cards and debit cards. We will have to wait for the details of the cashback, because it will be a decree from the Ministry of Economy to be issued by April 2020, having heard the Privacy Guarantor, that will establish how and when to distribute the "cash refunds". Among the criteria for the prizes also "the volume" and "frequency" of traceable purchases. The MEF decree will also state what are "the electronic payment instruments and the relevant activities for the purpose of awarding the prize". In view of the entry into force of the sanctions for merchants who do not comply with the obligation to use the Pos, with the tax decree comes a 30% tax credit on bank commissions.
4.0 INDUSTRY
On the business front, an allocation of 140 million was added for high-tech green investments. The super depreciation of Industry 4.0 has been refinanced; hyper-depreciation in very high-tech investments can reach up to 170%. Also launched a tax credit for advanced training and refinanced the Sabatini law transformed into environmentally sustainable. Everything is in the Green New Deal plan which in article 11 provides for a fund of 1,5 billion over two years financed with CO2 auctions.
PENSIONS
The Social Bee and Women's Option have been extended by one year. The first allows people in need who have reached at least 63 years of age and 30 years of contributions to retire. The women's option, on the other hand, is guaranteed to all female workers who have earned contributions equal to or greater than 35 years as at 31 December 2019 and aged 58 or greater (if they are employees) and 59 years (if they are self-employed). The 10 euro superticket on healthcare and specialist services will be out in July.
BUILDING
From next year comes the facade bonus with a 90% deduction for the expenses incurred by condominiums during 2020. Many other refinanced bonuses. Starting with those expiring for energy redevelopment and building renovation. The restructuring bonus has been refinanced for one year, which provides for a 50% deduction on expenses incurred up to a ceiling of 90 thousand euros, and the eco-bonus which provides for a 50 to 60% discount for environmental efficiency measures for a maximum expenditure of 100 thousand euros.
